Safeguard Investment Advisory Group LLC Invests $4.08 Million in Apple Inc. (NASDAQ:AAPL)


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Safeguard Investment Advisory Group LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,752 shares of the iPhone maker’s stock, valued at approximately $4,080,000. Apple comprises approximately 3.6% of Safeguard Investment Advisory Group LLC’s investment portfolio, making the stock its 4th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Apple by 279.3% during the 3rd quarter. State Street Corp now owns 672,444,836 shares of the iPhone maker’s stock valued at $77,875,836,000 after buying an additional 495,180,468 shares in the last quarter. FMR LLC lifted its stake in shares of Apple by 3.4% during the 4th quarter. FMR LLC now owns 358,551,697 shares of the iPhone maker’s stock valued at $47,576,225,000 after buying an additional 11,852,200 shares in the last quarter. Morgan Stanley lifted its stake in shares of Apple by 4.6% during the 4th quarter. Morgan Stanley now owns 130,352,438 shares of the iPhone maker’s stock valued at $17,296,465,000 after buying an additional 5,738,590 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Apple by 4.7% during the 4th quarter. Nuveen Asset Management LLC now owns 117,390,371 shares of the iPhone maker’s stock valued at $15,576,528,000 after buying an additional 5,293,575 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Apple by 296.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 78,699,382 shares of the iPhone maker’s stock valued at $9,114,176,000 after buying an additional 58,823,499 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.

Shares of Apple stock opened at $127.90 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.36 and a quick ratio of 1.33. The company has a 50-day moving average of $123.20 and a 200 day moving average of $123.53. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 39.23, a PEG ratio of 2.75 and a beta of 1.28. Apple Inc. has a 1 year low of $65.31 and a 1 year high of $145.09.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, January 26th. The iPhone maker reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.27. The company had revenue of $111.40 billion during the quarter, compared to analyst estimates of $103.24 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. Apple’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS. On average, equities analysts anticipate that Apple Inc. will post 4.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 11th. Investors of record on Monday, February 8th were paid a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 5th. This represents a $0.82 annualized dividend and a dividend yield of 0.64%. Apple’s payout ratio is 25.00%.

A number of analysts recently weighed in on AAPL shares. Barclays reaffirmed a “neutral” rating and set a $136.00 target price (up previously from $116.00) on shares of Apple in a report on Thursday, January 28th. Piper Sandler increased their target price on shares of Apple from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, January 28th. Evercore ISI increased their target price on shares of Apple from $163.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, March 22nd. DA Davidson increased their target price on shares of Apple from $133.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, January 28th. Finally, JPMorgan Chase & Co. set a $150.00 target price on shares of Apple and gave the company a “buy” rating in a report on Thursday, March 11th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $135.03.

In related news, COO Jeffrey E. Williams sold 133,867 shares of the stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $125.74, for a total value of $16,832,436.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.

Further Reading: Short Selling

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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